May 2017 - Seagreen Property Greystones

The Mortgage

One major cost-saver is the fact that many of the houses in the SeaGreen development qualify for the Government’s Help To Buy Rebate. If purchasing a three-bedroom Portland house, qualifying first-time buyers can need just €20,500 and expect to make repayments of just €1,382 per month. If buying a four-bedroom Wyndham house, a deposit of just €25,500 and repayments of €1,553 may be needed.

This means that the sometimes unachievable mortgage deposits many first-time buyers face can be made much more manageable, and these lovely homes are much more affordable than you might think, so you can realise your dream of owning a great house in a perfect location.

Putting together your mortgage application can be difficult, so we have made a handy Guide that you can download below:

The Bills

Having taken on a mortgage, the last thing you need is sky-high bills coming in your brand new door, but at SeaGreen, all of the houses are built to the highest possible levels for energy efficiency, with an A2 BER Rating, as John the on-site electrician explains in this video. This means the cost of heating your home will be kept to a minimum.

The thermostatically controlled radiators are heated by a high-efficiency A-rated natural gas boiler, while an efficient heat pump uses waste air from bathrooms to produce continuous hot water. Solar panels provide free electricity to heat water too, while each house is kept comfortable all year round for a minimal cost due to the triple-glazed windows and top-quality insulation.

The Fixes

Even in new builds, buyers can face a list of fixes that require attention, and once these are done, any defects that later start to appear may be left to the homeowner to tackle, and pay for. However, all of the houses at SeaGreen come with a ten-year Homebond Latent Defects Insurance warranty, so in the unlikely event that something does happen, there is comfort in knowing that there is comprehensive cover for defects insurance, structural insurance and a five-year Homebond cover for mechanical and electrical, water and smoke ingress.

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The Personalisation

Making your new home your own is another major cost many people have to face, and it can take years to truly turn your house into the place you dreamed of as other expenses take over. These costs can be avoided at SeaGreen too.

An expert team is available on-site to take care of any redesigns or adaptations, so you can be sure that when you move into your house, it will be just as you wanted it to be, and you won’t have to think about chipping away at your savings piece by piece to furnish your home to meet your personal tastes.

With many of these great houses eligible for the Help To Buy Rebate, high-spec design that keeps energy bills low and an on-site team who can help personalise your home ahead of moving in, the SeaGreen development in Greystones offers many ways to keep the cost of buying your new home down.

You can register your interest in one of these great houses here.

The beautiful new SeaGreen houses for sale in Greystones offer you the chance to realise your dreams of owning your own home in a perfect location. Whether you are interested in a three-bedroom Portland, four-bedroom Bellevue or Wyndham, or five-bedroom Somerby home, these top quality, high-spec and luxurious new builds provide spacious and comfortable living space for you and your growing family in an area that offers great transport links, the best educational facilities, a thriving local town, and of course, a great lifestyle with the mountains and the sea on your doorstep.

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Whether you are looking to find that first home to start a family, or are considering returning to Ireland to settle down, the homes at SeaGreen represent outstanding value, and the Help To Buy Rebate on offer means now is a great time to get that mortgage and register your interest.

However, securing your mortgage can be a difficult process, so we want to make it easier, and ensure your application is as perfect as your new SeaGreen home will be.

Here’s what you need to know to make your mortgage application successful.

The Financial Health Check

In order to secure your mortgage, you will need to show the following in your application:

A secure income (€35,000 per year for single applicants and €60,000 for joint applicants)
A deposit of 10% of the purchase price up to €220,000 and 20% on the excess, though exceptions can be applied at the discretion of the lender
Proof you can make repayments allowing for a 2% increase in rates
Proof of financial prudence

The Mortgage Application Checklist

While every mortgage provider or lender has different criteria, the following are standard requirements you need to include in your application:

Proof of identity and proof of address – include your passport or driver’s licence and a utility bill from within the last three months
A completed salary certificate – you can get this from your employer to show proof of your annual earnings and regular income
An annual earnings statement (such as a P60) – again, your employer should be able to provide this
Three recent payslips or paid invoices – as well as providing proof of your regular income, this also shows that you are financially prudent and are capable of keeping accounts
Current account and saving account statements for the last 6 months – these statements will also show you are financially sound and capable of making repayments
Up to date statements on any existing loans for the last 12 months – lenders will need to know if you have any other repayment commitments that may affect your ability to pay your mortgage
Credit card statements for the last three to six months – another measure to show you are financially prudent and able to make regular and timely payments
As the SeaGreen houses are a new build, the Structural Guarantee Certificate would be required, and we are happy to provide this proof that all of our new homes are designed and built to the highest possible standards
If you are self-employed, you should provide a completed accountant’s report, detailed business accounts for the last two years, business account statements for the last six months, a summary statement of all assets and liabilities and balance statements from revenue

The Mortgage Deal

It is worth noting that as well as requiring different criteria for mortgage applications, each mortgage provider or lender will offer different mortgage types and it is advisable to investigate which one will best suit your needs. Buying a home is one of life’s biggest decisions, and you need to be sure you are with the right lender to help you make this decision.

Mortgages can come at fixed or variable rates, with each lender offering different rates to applicants, so again, it is advisable to look at the mortgage that will work for you.

The Helping Hand

Fixed rate, variable rate, two-year, five-year, capped rate, tracker, split rate – there are a lot of different mortgage deals on offer from many lenders, on top of which are cash-back and other incentives, so finding the best mortgage option for you can be overwhelming, which is why it may be advisable to seek help from an independent mortgage broker.

A broker will not only help you put together your application, they can also bring their industry knowledge and expertise into the equation, are more flexible to suit your working day, and can even secure a better deal for you than you might do on your own.

Now is the ideal time to secure your mortgage and realise your dream of owning your own home, and at SeaGreen, that perfect home is waiting for you.

Find out all you need to know about mortgages and how to successfully apply for one by downloading the SeaGreen Guide To Getting your Mortgage.

The New Home Costs You Can Avoid By Buying At SeaGreen In Greystones